Saw a picture of the first press conference that Palin has had since before she was selected to be the VP candidate on the McCain ticket. I thought it was Peggy Bundy first, what the hell is with that boufant?
Obama and Hillary got together today to discuss how she will fit into the plans of the new administration. So basically Obama will surround himself by the dead carcasses from the Democratic Primary Season.. So we can possibly have Bill Richardson Sec of Homeland Security, Hillary Sec of State, Biden VP, John Edwards Secretary of the Interior etc etc. lets hope he doesn't put Dodds in charge of Sec of the Treasury.
I am not one who believes that this bail-out of detroit is such a hot idea, basically you are only going to prolong the agony.. I believe that Capitalism is about building up when it is good and tearing down when the product is not any good, not this hand-holding socialist garbage that Washington wants to shove down our throats. If a company cannot stand up on it's own feet and is not offering a product that people want to buy, why should you keep them alive especially if the mentality never changes? They are burning through $11 Billion dollars of their reserves per month and this will only extend them hemoraging cash for another 2 months and then they will have to face the music. This is years of ineptitude and close-minded short-term thinking that has led to an inherent failure to break the culture they have created. So not only has Detroit screwed the American consumer by offering crappy cars, they screw the tax payers out of billions of dollars plus they screwed me last year when Mike Martz refused to commit to the run when he had Kevin Jones ready and eager.
Your thinking about letting the car industry go isn't affected by the currant financial situation?
ReplyDeleteI think there is too big a chance of Chapter 7 bankruptcy rather than chapter 11. And the resulting job losses in the industry and its suppliers and the service industry in the auto maker areas would have serious repercussions.
Of course, can we do anything but stop the bleeding? I think its worth the money to figure it out. Just make a plan beforehand with benchmarks that map out when the fix stops if its not working and we give up.
The way that the $700 Billion dollar bail-out package has "worked" so far, i'm reluctant to have this administration touch anything else in the china-shop. It's a total cluster f*ck. Regarding Detroit, I could be convinced to give companies a crutch when they have the ability to stand on their own feet, but GM has been a total mess for years. They produce cars we don't want, they are behind the ball on all new innovation, new fuel technology seems like a foreign concept plus the Lions make my Thanksgiving miserable every year.
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